The Lenskart Solutions IPO was opened on October 31 and closed on November 4. The price band is Rs 382-402 per share.
The company plans to raise Rs 7,278 crore from the market. This includes a fresh issue worth Rs 2,150 crore and an offer for sale of Rs 5,128 crore. The IPO allotment is expected to be finalised on November 6, and shares are likely to list on November 10 on the BSE and NSE.
| Lenskart Solutions IPO | Key Details |
| Price Band | Rs 382-402 per share |
| IPO Date | October 31-November 04 |
| GMP | 13% |
| IPO Allotment date | November 06 |
| Listing date | Novemeber 10 |
IPO Management
The issue is managed by Kotak Mahindra Capital, Morgan Stanley India, Avendus Capital, Citigroup Global Markets India, Axis Capital, and Intensive Fiscal Services, with MUFG Intime India as the registrar.
About the Company
Lenskart Solutions designs, manufactures, and sells eyeglasses, sunglasses, and contact lenses under its own brands through a direct-to-consumer model. As of March 2025, the company operated 2,723 stores globally, 2,067 in India and 656 overseas. In FY25, it launched 105 new eyewear collections, including brand collaborations.
Lenskart IPO Subscription Status, GMP Live: Subscription update
As of the latest, on Day 2 of bidding so far, the Lenskart Solutions IPO has been subscribed 1.39 times overall, while the bidding process is still ongoing. So far, the retail investors’ portion has seen the highest interest with 2.03 times subscription, followed by qualified institutional buyers (QIBs) at 1.42 times and non-institutional investors (NIIs) at 0.88 times.
The grey market premium (GMP) of the company has risen in the past few days. On October 29, the company was fetching a premium of a mere 12% to its issue price, which increased to 23.6% on October 31. This hints that the company has gained the confidence of investors.
Also read: Will Lenskart go the Paytm way? GMP indicates a different picture
Lenskart IPO Subscription Status, GMP Live: Key investors and stakeholders
The company counts SoftBank, Temasek, and Kedaara Capital among its key backers. The OFS component allows early investors to partially exit while anchor investors include major global institutions.
Lenskart IPO Subscription Status, GMP Live: Financial performance
In FY25, Lenskart reported revenue of about Rs 6,653 crore, up 22–23% year-on-year, and a net profit of Rs 297 crore compared to a loss in the previous year. However, analysts noted that part of the profit was driven by “other operating income.”
Lenskart IPO Subscription Status, GMP Live: Store network and presence
As of March 2025, Lenskart operated over 2,700 stores in India and more than 650 overseas. Its manufacturing facility in Bhiwadi supports both domestic and international distribution.
Lenskart IPO Subscription Status, GMP Live: About the company
Founded in 2010, Lenskart operates an omni-channel eyewear retail model across India and international markets. It offers eyeglasses, sunglasses, contact lenses, and accessories under brands such as John Jacobs, Vincent Chase, and Lenskart Air.
Lenskart IPO Subscription Status, GMP Live: Use of IPO proceeds
Funds raised through the fresh issue will be used for expansion and operational needs. Key allocations include Rs 272.6 crore for new company-owned stores, Rs 591.4 crore for rent and lease of existing outlets, Rs 213.4 crore for technology, and Rs 320 crore for brand marketing.
Lenskart IPO Subscription Status, GMP Live: Lead managers and registrar
Kotak Mahindra Capital, Morgan Stanley India, Avendus Capital, Citigroup Global Markets India, Axis Capital, and Intensive Fiscal Services are the book-running lead managers. MUFG Intime India is the registrar.
Lenskart IPO Subscription Status, GMP Live: Investor quota distribution
The IPO is divided among Qualified Institutional Buyers (QIBs) with around 75% reservation, Non-Institutional Investors (15%), and Retail Investors (10%).
Lenskart IPO Subscription Status, GMP Live: Subscription Status Day 1
The IPO was subscribed 1.13 times by the end of Day 1. The retail portion was booked 1.32 times, QIBs subscribed 1.42 times, and the NII segment 0.41 times.
Lenskart IPO Subscription Status, GMP Live: Subscription timeline
The issue opened on October 31 and will close on November 4, 2025. The allotment is expected on November 6, and listing on November 10 on both NSE and BSE. Anchor investors were allotted shares worth Rs 3,268 crore ahead of the issue opening.
Lenskart IPO Subscription Status, GMP Live: Structure and size
The Rs 7,278.02 crore IPO includes a fresh issue of Rs 2,150 crore and an offer for sale (OFS) worth Rs 5,128.02 crore. The price band is fixed between Rs 382 and Rs 402 per share. Investors can apply for a minimum of one lot containing 37 shares.